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Pushpay seeks at least $US30m

NZN 30/06/2016Sophie Boot

Pushpay Holdings is looking to raise at least $US30 million from United States investors.

The company, whose mobile payment app allows churches to raise money from parishioners, has engaged an unnamed investment bank headquartered in San Francisco to raise the capital, it said in a statement to the NZX.

"Pushpay continues to grow at a rapid pace in the USA faith sector as we execute on our growth strategy," chief executive Chris Heaslip said.

"This is a very exciting time for Pushpay as we increase our presence in the USA faith sector, with the strong support and confidence of both a premier San Francisco-headquartered investment bank and our cornerstone shareholders."

The company provides mobile commerce tools that help make payments between consumers and merchants easier and is geared to mobile charitable giving.